Mnuchin Says Stories on Investment Restrictions Are False

(Updated - June 25, 2018 10:54 AM EDT)

Secretary of Treasury Steven Mnuchin said on twitter stories discussing investment restrictions are false, fake news.

The tweet follows reports in the Wall Street Journal and Bloomberg suggesting the Treasury would block firms with at least 25% Chinese ownership from buying companies involved in industrially significant technology. Mnuchin said the statement will not be specific to China but to all countries that are trying to steal U.S. technology.

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